A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

V

VA guarantee	An insurance contract for which the Veterans Administration (VA) guarantees the lender's recovery of a designated percentage of the loan amount from the insurer in the event that the borrower defaults on the loan
VA loan, or Government mortgage	A mortgage loan available to qualified military veterans which is guaranteed by the Department of Veteran Affairs, usually offering either no down payment or a low down payment
Valuation	The estimated of value of a property
Variable rate mortgage, or Adjusted rate mortgage	A mortgage with interest rates that may fluctuate based on market conditions
Verification of Deposit	A statement signed by the borrower's financial institution that verifies the current balances in the borrower's accounts
Verification of Employment	A statement signed by the borrower's employer that verifies the borrower's current position and salary
Vest	To pass an immediate right on to a person
Vested	Having the right to withdraw a percentage of a fund before its agreed-upon maturity date; e.g., the percentage vested to individuals with retirement funds differs; if someone is 80% vested, that means they can only withdraw 80% of the funds set aside for them until its maturity
Department of Veterans Affairs (VA)	A federal agency that insures residential mortgages made to eligible military veterans, which thereby encourages loans being made to veterans

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Real Estate Tips Radon >Those Radon Blues Radon gas can be a worry for homeowners. This naturally occurring substance has been found in homes throughout the country. It is odorless, colorless and undetectable without sophisticated testing. Radon has been linked to many diseases, and environmental experts caution that it should be tested. Remember that if radon gas is detected, it can usually be removed at a relatively low cost with simple ventilation systems. If you are concerned about radon in your home, you can have it tested. You can contact your nearest branch of the Environmental Protection Agency for information about how to find a reputable company qualified to perform the tests. If you are buying a new home in an area where radon has been a problem, you might consider including a radon test as part of the structural contingency clause. And if you are planning to sell your home, you can test it for radon before placing it on the market. If there is no problem, your fears will be put to rest, and even if radon is detected, it is neither difficult nor costly to correct. See All Tips In The "Radon" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  What island was sold to Peter Minuit by the Indians for goods valued at 60 guilders ($24)? A  Peter Minuit arrived with a group of Dutch settlers in 1626 and purchased what is now known as Manhattan. See More Real Estate Trivia >

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Hank Cosby Hank Cosby Real Estate 3812 Old Buckingham Road Powhatan, VA. 23139 Phone: (804) 598-2875 Fax: (804) 598-2833 Email: hank@hankcosby.com Hank Cosby and his team know the Powhatan and Richmond areas well. You deserve their expertise, knowledge, and commitment on your side. Please do not hesitate to contact Hank and his team for more information. www.hankcosby.com is brought to you by Hank Cosby, real estate for Powhatan County and Western Richmond, Virginia Read Hank Cosby's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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